The deal will probably be something like Victor's 5 year $15.5M (with a 6th year option at $7M) deal he signed last year.

Also, according to Scwabby, they are working dilligently on multi-year deals with Sizemore and Lee. Given that Peralta has now signed, I would be very surprised if Lee and Sizemore were not locked up to long-term deals in the next 2 - 4 weeks. They seem to be following the model from last year when they signed Sabathia, Hafner and Victor to long-term deals within like 10 days of each other in early April.

WINTER HAVEN, Fla. -- The Indians have signed shortstop Jhonny Peralta to a five-year contract worth an estimated $13 million. The announcement was to be made at an 11:30 a.m. press conference in Winter Haven on Friday. The deal includes a club option for a sixth year.

The system is sort of backwards. I think the best years of a players career is probably in years 3-8. The funny thing with the system, is they are underpaid when they are most production and in their prime....then when they hit FA at age 28-30, they have usually plateaued and are about to hit the decline but are overpaid.

The base of the contract will pay Peralta approximately $13 million over the five years, and the option is worth $7 million, according to a source familiar with the negotiations. The shortstop also received a $1.25 million signing bonus.

While the base is less than the $15.5 million base Peralta's teammate, Victor Martinez, pulled in last spring with his five-year deal, it's worth noting that Peralta will be receiving the second-highest salary among pre-arbitration shortstops in Major League history.

Only Nomar Garciaparra, who received a five-year, $23.25 million deal from the Red Sox in 1998, made more before arbitration than Peralta will.